Date: 4/13/2023
Time: 7:56 pm
Facilitator: Sandy Erickson
In Attendance
Sandy Ericksen
John Carr
Cassie Ramsay
Dan Sherer
Dan Gonzalez
Lori Bulla
Johnna Wolfe
Approval of Minutes
Board Activity/Communication Prior to Meeting
Committee Seats
N/A
Financials
Below is a summary of the treasurer report for the month ending March 2023.
March vs. Budget
• Revenues were unfavorable by $4,502
• Expenses were favorable by $934
o Pool and Playground repairs were favorable by $1000
o Pool chemicals and Security was unfavorable by $2,634
• Total income was unfavorable by $5,275
YTD vs. Budget
• Revenues favorable to budget by $11,818
• Expenses were slightly unfavorable to budget by $540
o Accounting Services, Landscape Contract, Pool Management expenses are currently favorable by $2,276
o Security is unfavorable by $22871
• Total income is favorable by $11,763 to budget
Profits and Losses
• March: $5,622 in Gross Revenue, $10,999 in Total Expenses, after deprecation COCC has Net Income of -$5,375
• YTD: $60,243 in Gross Revenue, $28,543 in Total Expenses, after depreciation COCC has YTD Net Income of $31,705
Accounts Receivable
• There are $11,513 in assessments and late fees due to COCC that are from 2022 and prior years from 11 residents. This is anyone that owes more than $375.
• There are $14,661 in 2023 assessments from 44 residents.
Pool Report
Purchased all chemicals for the season. We have 7 paid memberships and 1 pavilion reservation for next week.
Landscaping
Two trees have been trimmed, two trees from pool have been pulled and shrubs on Drode have been pulled out. Pergola was cleaned.
Deed Restrictions
The next deed restriction review will occur end of next month. The deed restriction review meeting is scheduled for June 2023. The neighborhood has planned the cleanup. There are six reported volunteers to assist.
Security
Committee Chair was absent this meeting. Nothing to report.
Acorn Newsletter
Nothing to report.
Social
The board hosted an easter event in the park. We had a good turnout on a beautiful day.
Guest Attendee
N/A
Follow Up from March
N/A
Next Meeting
May 11, 2023 / 7:30 pm
Meeting ended: 9:25 pm